Philly to get 8M square feet of construction next year

The Central Business District – Market East, Market West, University City, and the Navy Yard – are set to deliver a massive amount of construction next year.

JLL Philadelphia’s research found that there will be 8.7 million square feet of development created in 2018.

Nearly 30 percent of construction will come from office space being developed, such as the Comcast Technology Center, One Franklin, and 3675 Market, according to a Curbed Philly article. Almost 80 percent of the 8.7 million square feet will be new construction.

2018 will see almost triple the amount of development compared to 2017’s 3 million square feet, a sign that Philadelphia’s economy continues to grow.